Connecticut Income Statistics
Connecticut Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
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B
Connecticut Around averageWealthier than 90% of states in US
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Connecticut
- Western Connecticut Planning Region (125% of U.S. avg)
- Lower Connecticut River Valley Planning Region (119% of U.S. avg)
- Northwest Hills Planning Region (115% of U.S. avg)
- Greater Bridgeport Planning Region (106% of U.S. avg)
- Southeastern Connecticut Planning Region (106% of U.S. avg)
- South Central Connecticut Planning Region (107% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Connecticut | US Average |
|---|---|---|
| Median Household Income | $97,098 | $80,455 |
| Median Personal Income | $75,632 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.8% |
| Six-Figure Earners | 18.8% | 13.9% |
| $200k+ Households | 19.5% | 13.2% |
The median household income in Connecticut is about 21% higher than in US. Income has been growing slower in Connecticut (3.7%/yr) than in US (4.8%/yr).
About 19% of adults in Connecticut earn six figures ($100,000 or more) a year, higher than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Connecticut grew by 40.9% from 2009 to 2024, reaching $97,098 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Connecticut
| Metric | Connecticut | US Average |
|---|---|---|
| Gini Coefficient | 0.536 | 0.552 |
| Male Median Income | $85,321 | $69,667 |
| Female Median Income | $70,012 | $56,850 |
| Gender Pay Gap | 17.9% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Connecticut, it is 0.536, lower than US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Connecticut. Over a 35-year career, a 22% wage gap accumulates to roughly $535,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Connecticut has narrowed from about 24% to 18% in 2024. In dollar terms, the gap has widened by $713 since 2009.
Employment
| Metric | Connecticut | US Average |
|---|---|---|
| Unemployment Rate | 5.5% | 5.2% |
| Working from Home | 16.2% | 15.0% |
| Commute time (minutes) | 22 | 22 |
Approximately 93,812 people are unemployed in Connecticut.
The average commute time in Connecticut is 22 minutes, about the same as in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Connecticut has fallen from 8.3% to 5.5% in 2024. Over that period the rate peaked at 9.7% in 2013.
Connecticut Wealth Compared With Nearby States
Connecticut is the 3rd largest of the 6 states compared here, 3,347,044 residents against a local median of 1,394,471. Connecticut's income growth, at 3.7%/yr, runs 22% below the 4.7%/yr typical of the states around it. That is the weaker end of the local range on this measure.
The states themselves spread 0.9%/yr on income growth, so Connecticut sits at one end of an already wide local range rather than apart from it. Connecticut has the 6th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Connecticut | 3,347,044 | $97,098 #4/6 | 3.7%/yr #6/6 | 5.5% #4/6 | 0.536 #5/6 |
| Rhode Island | 1,100,398 | $88,093 | 5.2%/yr | 5.8% | 0.529 |
| Massachusetts | 7,031,620 | $104,336 | 4.9%/yr | 5.1% | 0.531 |
| New Hampshire | 1,394,471 | $99,079 | 4.7%/yr | 3.3% | 0.508 |
| New Jersey | 9,334,304 | $103,817 | 4.4%/yr | 6.3% | 0.544 |
| Vermont | 646,793 | $81,508 | 4.7%/yr | 3.5% | 0.506 |
Conclusion
Considering all these factors, Connecticut has an overall wealth index grade of B, making it somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Connecticut.
How Rich Is Connecticut?
Connecticut has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $97,098, about 21% higher than the US average of $80,455.
Are incomes growing in Connecticut?
Between 2009 and 2024, the median household income in Connecticut rose 41%, from $68,895 to $97,098. Over the same years, income here lagged behind the U.S. as a whole: +41% against +57%.
What was the median household income in Connecticut in 2023?
In 2023, the median household income in Connecticut was $95,197, up 4% from $91,711 in 2022. The US median that year was $78,147.
What was the median household income in Connecticut in 2020?
In 2020, the median household income in Connecticut was $81,408. By 2024 it had risen 19% to $97,098.
Is Connecticut a high-income area?
Yes. 19% of adults in Connecticut earn $100,000 or more a year (about 1 in 5), against 14% (about 1 in 7) in the U.S.. 19% of households have a combined income of $200,000 or more, compared with 13% in the U.S..
What is the Gini coefficient in Connecticut?
The Gini coefficient in Connecticut is 0.536. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Connecticut?
Since 2009, the income gap between men and women in Connecticut has narrowed from about 24% to 18% in 2024. In dollar terms, the gap has widened by $713 since 2009.
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